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BCHUSD trade ideas

BCHSo we have been following this rising channel support and upper resistance to a T in my opinion this is our overall trend so as long as we continue holding this lower 1045 level and keeping it holding as support it should remain bullish I’ve been talking about this level for a couple weeks now I’m around 1K if 1100 didn’t hold which It did not. We know from past performance that the 970 level is extreme support as well it almost looks as if this is an ascending triangle within this rising channel we broke out of this and launched us up to 1600 where we double topped. This is ascending triangle resistance. Comes in around $1224 in which we need to confirm support back on top of
COINBASE:BCHUSD
by Erictaylor
3
Bitcoin cash (BCH) - May 18Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (BCHUSD 1W chart) (1D chart) It remains to be seen if it can rise above the 1106.01 point along the uptrend line. In particular, it remains to be seen if it can rise above the 1168.80 point in order to maintain the uptrend. If it falls between 785.84-865.88, you need a Stop Lsos to preserve profit or loss. --------------------------------------- (BCHBTC 1W chart) (1D chart) We must see if we can move above the 0.024777 point and break off the downtrend line. If it falls, you need to make sure you get support in the 0.021692-0.0231 range. If it falls between 0.021692-0.0231, a short Stop Loss is required. However, it may rise along the uptrend line, so careful trading is necessary. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the conventional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
KRAKEN:BCHUSD
by readCrypto
BCH - Ready for $1750? Hi, this is my new update for BCH. 4 days ago we lost our support level around $1300 and we tested the previous top around $1160 and it held very well. Now we have made a beautiful double bottom and we are battling against the resistance level $1300, so once we break it we are going to test the next one around $1500-1550 and if we break that too, then the next one is very big an it is around $1750. If we break the resistance $1750 then we are ready for ATH. So be prepared and don't panic ;)
BITSTAMP:BCHUSDLong
by GOAT1375
2
Bitcoin cash attempts recoveryAfter the disaster caused by panic selling it is normal that there is an attempt to recover. On Bitcoin cash there seem to be no particular obstacles to reach a sizeable price of USD 1608. The only problem is that the market sentiment at the moment is very poor -0.88 means that for a few hours the price will probably have difficulty to rise. This can be a good price to start taking positions without exaggerating. My advisor Marketmiracle generated an entry notice at the price 1223 usd with target 1608 usd, I will probably wait a few hours and further confirmations before taking a position. You can see all the input and output signals of my Marketmiracle advisor at marketmiracleadvisor.com
COINBASE:BCHUSDLong
by MarketMiracleAdvisor